Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California.  Justin Sullivan | Getty Images Electric vehicle maker Rivian Automotive on Wednesday reaffirmed its 25,000-vehicle production target for 2022, but said it plans to spend less toContinue Reading

Electric vehicle maker Rivian Automotive maintained its full-year guidance for deliveries Thursday and reported second-quarter revenue that was higher than Wall Street expected. But it trimmed its full-year financial outlook, saying that investors should now expect a wider loss and lower capital expenditures than it had previously forecast. Here areContinue Reading

Rivian ( (RIVN) – Get Rivian Automotive Inc. Report) is preparing for the tough times ahead.  The young manufacturer of electric vehicles, considered one of Tesla’s ( (TSLA) – Get Tesla Inc. Report) great rivals, wants to prevent a possible recession from disrupting its projects.  The company is currently increasing productionContinue Reading

Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC Electric vehicle maker Rivian Automotive on Wednesday maintained its 2022 production target, saying it’s still on track to build 25,000 vehicles this year, as it reported a jumpContinue Reading